Bangalore honchos on property-buying spree in the US

BANGALORE: The investments by Indians (those with Indian passports) in residential property in the United States rose by nearly 50% to $5.8 billion in the year ended March 2014, compared to the year before. Real estate analysts say top executives in Bangalore’s technology industry, many of who have a close connect with the US, are among the biggest spenders. Indians constitute the third biggest overseas community to buy property in the US, as per data shared by the National Association of Realtors (NAR), US. Chinese buyers topped, investing a staggering $22 billion, a growth of 80% over the previous year, followed by Canada. UK residents bought as much as Indians, […]
Source: Real Estate